2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E53: Wealth tax, dealing with inflation as a capital allocator, big tech earnings, Facebook's rebrand, paternity leave & more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

I'm Coming to Your House for Lunch, and I'll Go Your House for Lunch

Rich people don't create inflation. The middle class and the lower middle class create inflation. There's just not enough rich people to matter. They're irrelevant. We have a multi hundred million, probably approaching more than a billion person strong, liquid buying pool of people that are all over the world. And if the fed stops tapering and, you know, hike rates two or three times over the next 12 o 18 months,. Man, this is an ugly, ugly stock market.

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